Macau E&M Holding Limited provided earnings guidance for the year ended 31 December 2021. The board of directors informed the shareholders of the Company and potential investors that, based on the preliminary review of the Group's unaudited consolidated management accounts for the year ended 31 December 2021 and other information currently available to the Board, the Group is expected to record a decrease in net profit excluding listing expenses in the range of 30% to 40% for the Relevant Period as compared to that for the year ended 31 December 2020. The decrease in net profit excluding listing expense was primarily attributable to the decrease in revenue as a result of the unexpected continuation of global travel restrictions in the second half of 2021 due to the COVID-19 pandemic (the "Pandemic"), which had constituted a material adverse impact on tourism and other related industries in the Macau region and thereby affecting investments in infrastructures and projects in Macau.